Marathon

Marathon

Finance

Jefferies Downgrades Bitcoin Miner Marathon Digital on Construction Delays

The asset-light crypto miner won't reach its 23 EH/s hashrate target by mid-2023, the bank said, while also lowering its price target to $4.

MARA Holdings CEO Fred Thiel, at the Bitcoin conference in Miami (CoinDesk)

Finance

MicroStrategy, Marathon Digital Shares Fall Amid Crypto Bank Silvergate's Woes

Both companies were sizable borrowers from the lender, though Marathon late last year moved to pay down some of its debt.

Casa central de Silvergate Bank. (CoinDesk)

Finance

Bitcoin Miner Marathon Digital Misses Q3 Revenue Estimates, Lowers Hashrate Outlook for 2022

The miner is targeting 9 EH/s for the end of the year, but continues to guide to 23 EH/s by the middle of 2023.

MARA Holdings CEO Fred Thiel, at the Bitcoin conference in Miami (CoinDesk)

Videos

Marathon Digital CEO: $1T Infrastructure Bill Impact on Miners ‘Really Isn’t That Severe’

Fred Thiel, CEO of North American mining giant Marathon Digital Holdings, discusses why he believes the impact of the U.S. Senate’s $1 trillion bipartisan infrastructure bill on crypto miners “really isn’t that severe.”

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Videos

Marathon Digital to Buy $121M of Mining Machines

Las Vegas-based mining company Marathon Digital, which some say is helping drive bitcoin mining investment in North America, has reportedly agreed to buy 30,000 Antminer S19J Pro bitcoin mining machines worth $120.7 million from major ASIC chips manufacturer Bitmain.

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